Kuala Lumpur – Embattled state investment company 1Malaysia Development Bhd. received an extension to make a payment of more than $600 million to an Abu Dhabi sovereign wealth fund after missing a deadline last month. 1MDB is in talks with International Petroleum Investment Co. on the new arbitration settlement date, Malaysian Treasury Secretary General Irwan […]

Kuala Lumpur – 1Malaysia Development Bhd (1MDB) has written to International Petroleum Investment Co (IPIC) to inform the Abu Dhabi-based company that the payment originally due on July 31, 2017 will be paid in August 2017 instead as it awaits the necessary fund. In a statement here today, 1MDB said, all payments due to IPIC will be made from the proceeds of the […]

Kuala Lumpur – Dewan Rakyat Speaker Tan Sri Pandikar Amin Mulia today denied the opposition’s allegations that all questions on 1Malaysia Development Berhad (1MDB) were dismissed during the current sitting of the Dewan Rakyat. Pandikar Amin said the opposition’s actions of politicising the 1MDB issue had tarnished his image as Dewan Rakyat Speaker. “If they […]

Kuala Lumpur – A minister said today opposition claims of Parliament deliberately concealing evidence on the 1Malaysia Development Berhad (1MDB) issue are baseless. Datuk Seri Azalina Othman Said, Minister in the Prime Minister’s Department, said their claims that not even one question on 1MDB was answered were inaccurate because there were four questions on 1MDB, […]

Kuala Lumpur – Dewan Rakyat Deputy Speaker Datuk Seri Ismail Mohamed Said today cited the factor of subjudice for the rejection of oral questions on 1Malaysia Development Berhad (1MDB). He said the decision to reject the questions was made by Speaker Tan Sri Pandikar Amin Mulia and that it was final according to the Standing Orders. […]